Circular

Agencies Announce Bank Secrecy Act/Anti-Money Laundering Outreach Events

July 21, 2005
Circular No. 11721

To All Depository Institutions and Others Concerned
in the Second Federal Reserve District:

The federal banking and thrift agencies, along with the Financial Crimes Enforcement Network (FinCEN), have announced registration details for upcoming outreach events related to the Bank Secrecy Act/Anti-Money Laundering Examination Manual that was released on June 30. The events include:

  • three nationwide conference calls to be held August 2-4, 2005; and
  • five regional half-day outreach meetings in San Francisco, Dallas, Chicago, New York and Miami.

The August 22 outreach meeting in New York will be simulcast online. The web address for this event will be publicly released in advance of the meeting.

Banking organizations are encouraged to participate in these voluntary sessions. During these events, the BSA/AML Examination Manual will be discussed and examination expectations will be provided.

The BSA/AML Examination Manual emphasizes a banking organization's responsibility to establish and implement risk-based policies, procedures and processes to comply with the BSA and safeguard its operations from money laundering and terrorist financing.

Participating in the outreach sessions will be the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Office of Foreign Assets Control and FinCEN.

For questions regarding the registration process, contact Tonya Spratley of the FDIC at tospratley@fdic.gov.

Press release
Outreach fact sheet
Nationwide conference call instructions
New York City Regional outreach

Contact:
Nicholas Farco
Assistant Vice President
Legal and Compliance Risk Department
nicholas.farco@ny.frb.org

William L. Rutledge
Executive Vice President